What will REO Agents do once the banks stop giving them bank owned homes? i know...I know...I know! They will starve if they don't have a real 
estate marketing plan of some kind to keep their business going should the banks stop providing listings. Who is in control of your real estate career, You???? or The Bank????
I have a friend who is an REO Agent for Countrywide. At one point, he had as many as 30 active listings at a time! I hope he saved his money...because the last time I talked to him, they had stopped giving him listings due to moratoriums on foreclosures.
With his business being 100% REO listings, he stopped marketing, doesn't have "past client relationships" other than a bank and is suffering greatly because he didn't figure his gravy train would come to such an abrupt stop at the time. Hmmm...kind of poor planning, don't you think? While there is certianly no shortage of foreclosed properties that need to be sold, it will eventually come to an end and there is no telling what will happen with this real estate market.
I met another agent on broker tour last week who was holding his REO property open on broker tour. When he told me he had no need for services like ours because he wan an "REO Agent", I asked him what his plan was for his short sale business when the REO business changes. He had absolutely no plan as I would assume is the case for many REO Agents. I may not be a "Realtor", but as a retired "Realtor" who still has many friends in real estate and keeps up on the market, those agents are heading for trouble!
What is your plan to make sure you have your real estate career in YOUR CONTROL should the bank just suddenly stop giving you listings?
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